Can I Recover Garnished Wages in a New York Bankruptcy?

You may already know that filing for bankruptcy can help you avoid a wage garnishment. In the ideal world, you’d come to our office long before the completion of a lawsuit that results in a wage garnishment.  Yet some people fight till the bitter end, and end up losing some money from their paychecks before…

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Can I Be Sued While Working With a Debt Settlement Agency?

By the time a debt has gone to collections, there are only a few advantages to paying them off. On newer credit scoring algorithms a paid off or zeroed out debt will be ignored while credit scoring. And paying off collection agencies can certainly make your phone stop ringing, eventually. Yet the number one reason…

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Can I Pay Off My Chapter 13 Plan Early?

Living on a Chapter 13 plan isn’t exactly fun, and if your financial picture starts to improve you might be hoping that you can simply pay it off early and be done with it fast. Unfortunately, a Chapter 13 repayment plan isn’t as simple as a loan repayment plan. Here’s what you need to know.  …

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How Does Wage Garnishment Work in New York?

If a creditor successfully sues you over a debt then that creditor can garnish your wages. Wage garnishments are humiliating and frightening, as they reduce your paycheck and make it even harder for you to make ends meet. Certain creditors can garnish without a lawsuit. Money can be taken for child support, unpaid student loans,…

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Can I Buy or Sell a House During a New York Bankruptcy?

Even when you’re filing for bankruptcy you’ll still need a place to live. It’s pretty common for people to want to buy or sell their homes at some point during the bankruptcy process, especially during Chapter 13 bankruptcies which can last 3-5 years. You generally would not try to sell a home or buy one…

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If an Account is Charged Off, Do You Still Have to Pay It?

If you’ve followed the advice to check your credit report on an annual basis you might have found some accounts that have been marked as “charge-offs.”  You may already know that this means the account has been written off on the original creditor’s taxes. The primary creditor has chosen to avoid pursuing the account.  Unfortunately,…

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What Do You Need to Bring to Your Bankruptcy Consultation?

When you bring everything you need to your bankruptcy consultation you help ensure your attorney will have everything necessary to properly advise you on your case. This also ensures that there are no costly mistakes on your paperwork. Understand that when you file bankruptcy your attorney will have to create a number of documents on…

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How to Rebuild Your Credit Score After Bankruptcy

One of the biggest fears we hear from clients is the fear that bankruptcy will destroy their credit score. In reality, once your discharge is done bankruptcy usually improves your credit score, sometimes by as many as 80 points. That doesn’t help you much if you’re starting from a 520 credit score. Ideally, you want…

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5 Bankruptcy Myths, Busted

There are a lot of myths and misconceptions about bankruptcy out there. The credit and collection industry has a vested interest in scaring or shaming people away from the process. It’s almost ironic, since some of the very companies who perpetuate these myths would not hesitate, even for a minute, to file a business bankruptcy…

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